SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Short Interest Update

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 384,061 shares, a decrease of 57.1% from the July 30th total of 895,869 shares. Based on an average daily volume of 1,126,662 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 1.5% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock valued at $4,231,117,000 after buying an additional 2,759,654 shares in the last quarter. State Street Corp grew its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 69.8% in the 4th quarter. State Street Corp now owns 5,020,182 shares of the company’s stock worth $112,527,000 after acquiring an additional 2,064,451 shares during the period. LPL Financial LLC grew its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 10.8% in the 4th quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock worth $453,656,000 after acquiring an additional 1,974,582 shares during the period. 93 Financial Group LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at approximately $16,956,000. Finally, Symphony Financial Ltd. Co. purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at approximately $13,199,000.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of SPMB traded down $0.07 during trading hours on Friday, reaching $21.99. The company had a trading volume of 981,702 shares, compared to its average volume of 1,038,980. SPDR Portfolio Mortgage Backed Bond ETF has a 12-month low of $21.88 and a 12-month high of $22.87. The firm has a 50 day simple moving average of $22.09 and a 200-day simple moving average of $22.28.

About SPDR Portfolio Mortgage Backed Bond ETF

The SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund tracks an index of US agency mortgage pass-through debt. SPMB was launched on Jan 15, 2009 and is managed by State Street.